August 25, 2025 — Gas prices increased in almost all of Tennessee’s metro areas last week, except for Knoxville. The Tennessee Gas Price average is now $2.77. Likewise, the national average of a gallon of gasoline is up by three cents. Although prices are more expensive compared to last week, they are still lower than last year by almost 20 cents.

National Gas Prices

The National average is $3.16, three cents higher than last week, but 19 cents less than one year ago. Last week, the national average hit $3.13 on August 21 – a daily average not seen since 2020 on the same day.

National Oil Market Dynamics

At the close of Wednesday’s formal trading session, WTI rose 86 cents to settle at $63.21 a barrel. The EIA reports crude oil inventories decreased by 6 million barrels from the pre

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